Nadler talks about Gold.
Posted:
Sat Sep 11, 2010 9:49 am
by Ardent Listener
http://www.kitco.com/KitcoNewsVideo/kitco_news.htmNadler talks about fundamentals, deflation, de-hedging and what percent of one's portfolio should be in gold now.
Re: Nadler talks about Gold.
Posted:
Mon Sep 13, 2010 10:45 am
by silverinvestor
I listened to Nadler on the Kitco's e-conference - I have listened to every presenter so far - from yesterday and today.
What Nadler said - was unbelievable - IMO. He is totally Opposite of what all others say from the technical basis. I just don't understand where the man comes from.
Said:
No basis for gold going up real high.
WHAT HE IS SAYING:
year on year decline in demand of 49% in reality - because of the amount mined - and it is ONLY hedge funds are causing the rise - the rise is NOT Real!
Believes investment demand will keep falling - central banks are not buying as they used to - they are not looking to go into gold! Declining net buying by central banks - IMF gold purchase from India - was simply because they had a declining gold reserve - was simply adding back. No other central banks have not wanted to buy the rest of IMF gold - because they don't want it!!! Especially China - DOES NOT WANT THE IMF GOLD!
Says REAL gold demand looking at ALL areas - is DOWN 59% this year!!!
Only reason gold is rising is because so called experts say it will.
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The other people I have been impressed with at the e-conference are:
Marc Faber was Awesome this morning
James Dines - totally Rocked yesterday along with Ron Paul, yesterday.
I am looking forward to hearing David Morgan today about 3:30pm - Silver-investor.com guy.
If you haven't gone to the kitco conference - it is very interesting - all the presenters.
But Nadler.... I just don't understand where he comes from with the numbers he creates.